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nobody's dealt with it since bill clinton was president of the united states. there are a number of things we're going to have to do in order to meet our deficit. we're going to have to both raise taxes and cut spending. one of the areas we must cut spending is defense. there hasn't been serious cuts in defense in 30 years. the defense industry is well positioned. they have plants in something in over 300 districts. there's a lot of bipartisan defense spending. for example, the defense authorization bill that just passed yesterday in the senate gave the pentagon $17 billion more than they asked for. so to think that any industry or any taxpayer or any group of people who depend on government spending can be exempted from the serious problem that we have that's caused by this deficit is a mistake. everybody is going to have to pay for this. >> dawn, right or wrong, the defense industry has this reputation of being bloated, overcharging. are we at a point where we could afford to make cuts in defense spending to try and satisfy the needs of lowering the deficit i
nobody's dealt with it since bill clinton was president of the united states. there are a number of things we're going to have to do in order to meet our deficit. we're going to have to both raise taxes and cut spending. one of the areas we must cut spending is defense. there hasn't been serious cuts in defense in 30 years. the defense industry is well positioned. they have plants in something in over 300 districts. there's a lot of bipartisan defense spending. for example, the defense...
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they allow the marginal rates on earned income to go back to the clinton levels. in that proposal, as i understand it, dividends and cap gains rise modestly to 20%. i think anybody that's looked that the will tell you the mix of rates and deductions and tax treatment of dividends, capital gains now is unaffordable for the country. the current mix we have in current policy is unaffordable. we're going to have to alter that mix. we've laid out the best way we think to do that. if we did that, i think you'd see alongside sensible spending reforms. you'd see very good outcomes for the american economy. the american economy right now looks very resilient. the biggest thing that stands in the way of much significant strength in growth is this uncertainty about how to reach an agreement. >> what's the right rate for dividends and capital gains? >> in the senate bill, you see there's a proposal to let them go to 20. that's certainly one way to do it. ultimately, you have to look at the overall mix of tax treatment, investment income -- >> is there a number that's too high
they allow the marginal rates on earned income to go back to the clinton levels. in that proposal, as i understand it, dividends and cap gains rise modestly to 20%. i think anybody that's looked that the will tell you the mix of rates and deductions and tax treatment of dividends, capital gains now is unaffordable for the country. the current mix we have in current policy is unaffordable. we're going to have to alter that mix. we've laid out the best way we think to do that. if we did that, i...
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>> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> pretty clear apple stock is having
>> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case,...
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. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a myth that raising tax rates will kill jobs. let's talk with fred smith right now in a cnbc exclusive about that and more. frank, good to have you on the program. welcome back. >> thank you very much, maria. always good to be here. >> good to see you again. let's start with the fiscal cliff issue. when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job creators. the problem here is the 1986 act th
. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a...
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try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where this is going. >> thank you very much. take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me. you made a note in your morning note that we are stuck this in range until we get progress. >> look where we are, between 1400 on the downside you can and 1420 the upside. today, done absolutely nothing, at 1404, 1406 all day, not a lot of action, not a lot of activity at all. people just in this wait and see mode, right? more chatter out of washington. i think a lot of people expecting the interview with the president, hear what he had to same the market got weaker after spoke. >> down 18 point on the trading session now the volume disturbing now, because there is none. >> that just tells that you investors ar
try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where this is going. >> thank you very much. take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me....
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they may finds a compromise that isn't necessarily clinton era tax rates, something in between. but it looks like the makings of a deal. with every change on the republican side, more and more likely to happen than not. >> all right. we'll see about that. we'll be watching. obviously, very, very important for the markets. thanks. see you later. >>> let's get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell. some had suspected them to solicit a bid to buy itself out. it has a drug that's a fish oil drug that's prescription. they say they're hiring a sales staff and they still expect to present more details to the fda in february 2013. some disappointment, clearly, there. maria. >> thanks so much, bertha. we'll keep watching that. >>> up next, the stock market and america. steve liesman up next with surprising new results from the exclusive cnbc survey. >>> and then as the lawsuits fly over hewlett-packard's autonomy mess, i'll talk with the ceo of deloitte and their role in looking over the books. ally bank. why
they may finds a compromise that isn't necessarily clinton era tax rates, something in between. but it looks like the makings of a deal. with every change on the republican side, more and more likely to happen than not. >> all right. we'll see about that. we'll be watching. obviously, very, very important for the markets. thanks. see you later. >>> let's get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell....
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bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo th
bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on...
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and then could be bush versus clinton again. >> governor, thank you very much. appreciate your time. >> honor to be with you. >> right now it's time for "squawk on the street." ♪ >> good tuesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber. we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat open across the board. as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and
and then could be bush versus clinton again. >> governor, thank you very much. appreciate your time. >> honor to be with you. >> right now it's time for "squawk on the street." ♪ >> good tuesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber. we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat...
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when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's playing apple's wild ride today at 1:00 p.m. futuresnow.cnbc.com. >> see you at the top of the hour on cnbc.com. >>> coming up halftime fund managers doing fancy trading to give portfolios a temporary boost and are you, the investor, left holding the bag? jpmorgan's tom lee on track to hit his 2012 s&p target, we'll ask him what's next for the market own your money when halftime comes back. o o. >>> welcome back. will quarter end she nan ganz be hurting your money? some portfolio managers are bidding up stocks the second before a quarter ends, those stocks see temporary pops and the managers can point to b
when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's...
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. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as you suggested, this is all a work in progress. the thing we cannot see that is not visible to the public or to the press is what's going on behind the scenes. staff discussions resumed yesterday. don't know how fruitful. i haven't gotten much of a signal from people on either side that a deal is close, but they're work rg at it and sometimes these situations can tur
. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans...
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>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3% negative growth for two quarters and we'll go back with a slightly less than 2% growth rate for the entire. we're not going to get out of this without pain. anybody when thinks we'll get through the deficit problem without having to do some sacrificing is wrong. what this does in my view as a democrat is it distributes the burden of the pain fairly, that is, we go back to the clinton tax rates for everybody, not just for rich folks. and we had a good economy under bill clinton. we go back -- we get -- cuts in defense spending which we know is higher than it
>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3%...
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you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then the question is how you get there, and the president believes that we should raise revenues with a tax system that has been proven in the past to go along with very substantial -- >> you can't conflate the two. you have the entire -- >> joe, joe, if you go back to this, i'm not sure what you're arguing. >> raising on 2% is different than the other structure. >> the reason it's different is that the tax rate on everybody else is going to be lower. >> right. so you don't have nearly as much money to balance the budget in the '90s. >> many other things have changed in the interim and we have set as a framework a
you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then...
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the real core of what clinton had was they cut spending. their percentage of spending to gdp was so much less, and that's where they got out of it. that agreement in '97 cut taxes and cut spending, which spurred growth. and we need a pro-growth economy. that's how we're going to get out of this mess. what we're talking about today, of just raising the taxes, does not solve the problem. i don't see it passing the house. now, republicans have not sat back. we've put revenue on the table. but the president has always said it has to be a balanced approach. >> if you can choose, if you could choose, what's -- i mean we've heard -- we've heard from their side, from the other side, and i'm talking about from your viewpoint, secretary geithner. >> yes. >> has said, we -- if we don't get the 2% -- if we don't get the rise on rates on the 2% we'll go over the fiscal cliff. in your view would it be better to go over the fiscal cliff than to get the back to the clinton rates on the high end? >> i think the best thing we don't go over the fiscal cliff.
the real core of what clinton had was they cut spending. their percentage of spending to gdp was so much less, and that's where they got out of it. that agreement in '97 cut taxes and cut spending, which spurred growth. and we need a pro-growth economy. that's how we're going to get out of this mess. what we're talking about today, of just raising the taxes, does not solve the problem. i don't see it passing the house. now, republicans have not sat back. we've put revenue on the table. but the...
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the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> you know what? >> only the president c
the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of...
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four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen. washington's got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the pretty about such a plan. >> speaker, you did speak with the pretsident earlier this wee. can you talk about that call? also we understand that he's making clear that it's got to be increasing rates for the wealthy or no deal
four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would...
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to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, depending on where you stand, the idea that we just get rid of congressional approval of the debt ceiling at all, which is that ludicrous proposal that was in the president's plan. that's not -- and would you really want that? woul
to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last...
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we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then, we're wrong. it would be $165,000. so the point is, is that the difference between these two is $85,000. okay? is a 35% miss when it comes to being honest about it. oh, even worse let's take this. how many times, of course you've heard a million times, taxes on million favors and billionaires, even though, and i know this is adjusted, okay, but let's just keep it $250,000. well, 250 grand isn't a million. so it's off by 750-k over 1 million. okay? so, in essence, what we're doing is we're off on this one by 75%. we're off by 35% and 75%. so why am i doing this? because i'll tell you what, m
we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then,...
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take a listen. >> if their competitor in '16 is going to be hillary clinton supported by bill clinton and presumably a still relatively popular barack obama, trying to win that will be truly the super bowl, and the republican party today is incapable of competing at that level. >> let's talk about this with cnn contributors l.z. granderson and will cain. agree or disagree on gingrich's assessment? >> gingrich sounds like a detroit lions fan. he's so pessimistic heading into the super bowl. i tend to agree. i think a the lot of people i've spoken to inside the administration as well as just kind of political wonks like us, we all think that hillary is going to run and she's going to be an incredible candidate to try to defeat. with that being said, 2016 is a long ways away. we need to get through 2014. we need to get through the fiscal cliff first. i think we're getting ahead of ourselves by saying she's unbeatable, but she's certainly formidable if she decides to run. >> point out that hillary clinton at every step says she's not running. we'll go ahead and talk about it anyway. will,
take a listen. >> if their competitor in '16 is going to be hillary clinton supported by bill clinton and presumably a still relatively popular barack obama, trying to win that will be truly the super bowl, and the republican party today is incapable of competing at that level. >> let's talk about this with cnn contributors l.z. granderson and will cain. agree or disagree on gingrich's assessment? >> gingrich sounds like a detroit lions fan. he's so pessimistic heading into...
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secretary of state hillary clinton meeting today with the u.s. special envoy and russia's foreign minister. sources say the focus of the talks is formulating a plan on how to move forward with the crisis in syria. clinton noted growing concerns that the president may use chemical whelms eapons on his o people. >>> more than 330 people are dead in the philippines after a typhoon. >>> proof that we can sure light up the night sky. new video released by nasa. you can see the city lights from around the globe. it's so awesome. it took nine days for a satellite to capture these images. it needed 312 trips around the earth to take all of the approxima pictures. they were mapped over existing imagery of the earth to make this one impressive view. wow. >>> zynga, the game company that makes farmville wants to dabble in real money. online gambling. it filed an application for a gaming license in nevada. the only state that currently allows it. it could help zynga make up for lost revenue from other games. >>> it will take years for new jersey to recover f
secretary of state hillary clinton meeting today with the u.s. special envoy and russia's foreign minister. sources say the focus of the talks is formulating a plan on how to move forward with the crisis in syria. clinton noted growing concerns that the president may use chemical whelms eapons on his o people. >>> more than 330 people are dead in the philippines after a typhoon. >>> proof that we can sure light up the night sky. new video released by nasa. you can see the city...
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. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she's an easy target, then they have a problem with me. >> senator mccain. >> thank you very much, mr. secretary. >> senator john mccain jockingly gave the cabinet post nod to democrat john kerry. >> i think jeong kerry would be an excellent appointment and would be easily confirmed by his colleagues. >> kerry is also listed as a potential defense secretary to replace leon panetta. it's a list that includes michelle fornoy with the number three job at the pentagon. ashton carter is on the list and former nebraska senator chuck hagel on a republican could represent a reach across the aisle. >> we're in a much stronger position today as a country than we were in '07. >> treasury secretary tim geithner has said he will stay at his post until at least inauguration. his chief of
. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she's an easy target, then they have a problem with me. >> senator mccain. >> thank you very much, mr. secretary. >> senator john mccain jockingly gave the...
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even bill clinton aagrees. here's what he said at a conference back in may. >> i think you could tax me at 100%, and you wouldn't balance the budget. we are all going to have to contribute to this. if middle class people's wages were going up again and we had some growth in the economy, i don't think they would object to going back to the tax rates that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much better. >> right. i heard your lead-in on it, and you said this is a new idea floated by howard dean. ints a new idea. several democrats have floated that a while. the code word is going back to the cli
even bill clinton aagrees. here's what he said at a conference back in may. >> i think you could tax me at 100%, and you wouldn't balance the budget. we are all going to have to contribute to this. if middle class people's wages were going up again and we had some growth in the economy, i don't think they would object to going back to the tax rates that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point?...
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plus, hillary clinton in 2016. some stunning numbers about the ground work and john mcafee on the run as his neighbor is found murdered. our martin savidge went on the hunt, tracked him down. he's "outfront." uff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. [ male announcer ] with a variety of tastes and textures, why they have a raise your rate cd. tonight our guest, thom
plus, hillary clinton in 2016. some stunning numbers about the ground work and john mcafee on the run as his neighbor is found murdered. our martin savidge went on the hunt, tracked him down. he's "outfront." uff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's...
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. >> the short list to proceed secretary of state, hillary clinton, susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she is an easy target, then they have a problem. >> senator mccain? >> thank you very much, mr. secretary. >> senator john mccain jokingly gave the nomination to john kerry. >> i think john kerry would be an excellent appointment and would be easily confirmed by his colleagues. >> he is listed also to replace leon pennetta. senior democrats say ashton carter is on the list and former nebraska senator, a republican, could represent a reach across the aisle. >> we are in a stronger position today as a country than we were in '08. >> tim geithner said he will stay at his post until inauguration. and the chief of staff is often named as a potential replacement. a poll asked if he thought president obama would pick good cabinet members. 58% said they thought he would. >> the u.s. military wants its people to be i
. >> the short list to proceed secretary of state, hillary clinton, susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she is an easy target, then they have a problem. >> senator mccain? >> thank you very much, mr. secretary. >> senator john mccain jokingly gave the nomination to john kerry. >>...
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she was with mandela who she calls the greatest statesman in the world when clinton was going through the crisis with monica lewinsky. kati writes, what is it with these americans? we like our men to be very ill. >> it's amazing she's being so frank and honest. i think a lot of people will connect. >> "paris: a love story." >>> we're talking about lady ga gaga. a tweet from her is causing a social media frenzy. but first what's coming up at the bottom of the hour on "sanjay gupta md." >> susan, i'm going to be talking with frankie mun easy, he's only 27 years old. >>> hoarding, those people who find themselves overwhelmed by clutter. all of this coming up at 7:30 a.m. eastern. me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlim
she was with mandela who she calls the greatest statesman in the world when clinton was going through the crisis with monica lewinsky. kati writes, what is it with these americans? we like our men to be very ill. >> it's amazing she's being so frank and honest. i think a lot of people will connect. >> "paris: a love story." >>> we're talking about lady ga gaga. a tweet from her is causing a social media frenzy. but first what's coming up at the bottom of the hour...
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plus, hillary clinton in 2016. some stunning numbers about the ground work and john mcafee on the run as his neighbor is found murdered. our martin savidge went on the hunt, tracked him down. he's "outfront." e emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. get to holiday fun faster energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our
plus, hillary clinton in 2016. some stunning numbers about the ground work and john mcafee on the run as his neighbor is found murdered. our martin savidge went on the hunt, tracked him down. he's "outfront." e emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the...
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there are actually two meetings between secretary clinton and the foreign minister. and you know, russia actually does -- this is one area where they do agree. russia is very much opposed to any type of use of chemical weapons and in fact secretary clinton thanked him for speaking about that which she did in brussels just yesterday, talking about that. although, brooke, you know, you have to say that the russians next breath say that they have raised that issue, in fact, with bashar al assad. the president of syria. and he assures them that there's no use intended and it is not a problem and, so, you kind of have two messages coming from the russians but you would have to say they're very much opposed to that and a lot of concern. >> so do they then -- do the russians believe assad when he assures them that he won't? and, are there new sign that is the russians might be waivering in their support of assad? >> reporter: you know, it's thoohard to say whether they believe it. you have to say at least on the surface they're saying we are taking him at his word that he w
there are actually two meetings between secretary clinton and the foreign minister. and you know, russia actually does -- this is one area where they do agree. russia is very much opposed to any type of use of chemical weapons and in fact secretary clinton thanked him for speaking about that which she did in brussels just yesterday, talking about that. although, brooke, you know, you have to say that the russians next breath say that they have raised that issue, in fact, with bashar al assad....
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here's what he said. >> if their competitor in '16 is hillary clinton, supported by bill clinton and presumably still relatively popular president barack obama, trying to win that will truly be the super bowl and the republican party today is incapable of competing at that level. >> that's a strong statement, but not entirely inaccurate. she will be a formidable candidate if the economy is improving and they get a budget deal. look, three times in a row, very rare, george bush, ronald reagan, last time it happened. nothing is given, but given the demog r demography, her appeal would be formidable. >> the republican party in four years, hopefully more competitive. governors getting their sfripz. marco rubbo and paul ryan, reframing the republican party. is it possible there could be a new republican party in four years? i certainly hope so. we'll see. >> i have been waiting for this all along. newt gingrich, saying hillary clinton formidable. my god. >> i believe hell has frozen over and cats and dogs now getting together. >> i want hillary to run. i'm excited. >> still ahead, on "sta
here's what he said. >> if their competitor in '16 is hillary clinton, supported by bill clinton and presumably still relatively popular president barack obama, trying to win that will truly be the super bowl and the republican party today is incapable of competing at that level. >> that's a strong statement, but not entirely inaccurate. she will be a formidable candidate if the economy is improving and they get a budget deal. look, three times in a row, very rare, george bush,...
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the hillary clinton for press pass. perhaps they could reissue these if she decides to run again in 2016. >> she was the favorite then, she lost out to a relative i unknown junior senator from illinois. we'll see what happens the next time around. >> if she runs. >> that shows you how unpredictable these things could be. even though she would be the favorite. you never know what might happen. >> i think if she writes a book, does a few speeches, enjoys herself a little bit, i think she will say i'd like to be the first woman president. >>> security is being tightened at the hospital where katherine is being treated for acute morning sickness after her privacy was invaded by a prank call from australia. i'm joined now by cnn's royal correspondent max foster. >> it's extraordinary. it's very simple. a couple radio presenters from australia, jokers on a comedy show, rang up the hospital, pretended to be the queen and prince charles and asked to be put through to the ward. just have a listen to the accents here, they're not
the hillary clinton for press pass. perhaps they could reissue these if she decides to run again in 2016. >> she was the favorite then, she lost out to a relative i unknown junior senator from illinois. we'll see what happens the next time around. >> if she runs. >> that shows you how unpredictable these things could be. even though she would be the favorite. you never know what might happen. >> i think if she writes a book, does a few speeches, enjoys herself a little...
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these documents show that secretary of state hillary clinton signed these papers making the declaration official, back on the 20th of last month. much more on this story out of syria next hour. >>> an american doctor kidnapped in afghanistan and what happens next involves around the clock negotiations and a dramatic act of courage by s.e.a.l. team six. i'm brooke baldwin. the news is now. the death of a pop star. ♪ a picture shows what happened moments before jenni rivera's plane crashed. plus, boys disappear from a reform school and are never heard from again. >> these are children who came here and died for one reason or another and quite literally have been lost in the woods. >> the answers may lie in this cemetery. and one governor floating the idea of setting tuition rates based upon your major. this may change college forever. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they
these documents show that secretary of state hillary clinton signed these papers making the declaration official, back on the 20th of last month. much more on this story out of syria next hour. >>> an american doctor kidnapped in afghanistan and what happens next involves around the clock negotiations and a dramatic act of courage by s.e.a.l. team six. i'm brooke baldwin. the news is now. the death of a pop star. ♪ a picture shows what happened moments before jenni rivera's plane...
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secretary of state hillary clinton will attend a meeting where most attending countries already see the rebels in syria as a legitimate representative of the people. shelling and street fighting killed more than 130 people on one day alone this weekend. syrian rebel fighters now have control of the country's biggest city, aleppo. the people there have something new to fear now, something as frightening as civil war. cnn's arwa damon is there. >> reporter: crammed inside a tiny two-room home, the adults say they can handle the hunger. it's the children they worry about. there are 13 of them. as relatives moved in together after one family's home was destroyed. when we asked the kids what they ate today, the response is, nothing. mohammad, father before half the children here, tells us, "today i sent my brother to get bread at 6:00 a.m. look, it's 3:00 p.m. right now, and he hasn't gotten any. the kids haven't eaten." the power is out, as it has been for weeks. now the water is cut as well. there is a growing sense of desperation among people here. stalked by both hunger and danger. "god
secretary of state hillary clinton will attend a meeting where most attending countries already see the rebels in syria as a legitimate representative of the people. shelling and street fighting killed more than 130 people on one day alone this weekend. syrian rebel fighters now have control of the country's biggest city, aleppo. the people there have something new to fear now, something as frightening as civil war. cnn's arwa damon is there. >> reporter: crammed inside a tiny two-room...
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secretary of state hillary clinton is going to be meeting with her russian counterpart, sergey lavrov. this is a meeting that's going to take place in dublin later today. this is an effort to try to get the peace plan for syria back on track, a u.n. effort that's stalled for so many months now. there's not a lot of hope it will get back on track anytime soon. a lot of international powers and pressure being put on syria to try to comply with some sort of peace plan so this nightmare scenario doesn't come to any sort of fruition. zoraida? >> all right, we're talking about a deadly nerve gas, it is sarin. can you tell us what kind of damage could this do to the people there? >> reporter: it's well known that sarin and the use of sarin is a nightmare scenario. the use of it could kill a huge amount of people in a very short amount of time. now, last night, a former cia officer, robert bear, was speaking to anderson cooper. he described what the use of sarin could do. here's more of what he had to say. >> one round and the dispersion on that could be -- depends on the wind -- but you coul
secretary of state hillary clinton is going to be meeting with her russian counterpart, sergey lavrov. this is a meeting that's going to take place in dublin later today. this is an effort to try to get the peace plan for syria back on track, a u.n. effort that's stalled for so many months now. there's not a lot of hope it will get back on track anytime soon. a lot of international powers and pressure being put on syria to try to comply with some sort of peace plan so this nightmare scenario...
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the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i don't think you get -- could get rates through unless the president gave a little bit. and if you look at the document from the grand bargain back in july of 2011, the president was willing to give on that. so we'll have to see if they can get back to that. but again, has to be one significant item that they know they'll be able to build upon in the future. an item from both sides. >> neither side's going to be thrilled. but they've got to compromise. >> that's the way life usually works, doesn't it? >> certainly does. thank you. >>> meanwhile, huge announcement today on capitol hill. the con
the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i...
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both michelle obama and bill clinton were nominated in the category best spoken word album. good for them. yeah. yeah. true story. michelle was nominated for the audio version of her book american grown, and bill clinton was nominated for the audio version "50 shades of gray." >> "early start" continues right now. >>> breaking news near tokyo. a powerful earthquake hit off the coast. a tsunami warning issued. and then lifted. we go live to japan straight ahead. >>> and the "new york post" photographer who took the picture of the man on the subway tracks before he was hit sits down to tell us his side of the story. we'll hear from him this hour. >>> and imagine a professional football game without kickoffs. it's just one of the suggestions to improve the safety of the game for players. details this hour on cnn. >> i'm curious as to how everybody feels about that. >> welcome to "early start." i'm christine roman by devastating tsunami that killed 15,000 people and caused widespread damage. the tsunami this time hit a place called -- or near a town almost totally devastated in
both michelle obama and bill clinton were nominated in the category best spoken word album. good for them. yeah. yeah. true story. michelle was nominated for the audio version of her book american grown, and bill clinton was nominated for the audio version "50 shades of gray." >> "early start" continues right now. >>> breaking news near tokyo. a powerful earthquake hit off the coast. a tsunami warning issued. and then lifted. we go live to japan straight...
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we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. freedom of tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why are we doing it in 29 days? >> but the president ran on raises taxes, right? if you look at the polls. 60% of people support raising taxes on people who make over $250,000 a year. how much of a problem is it, david, if the republicans you know, tom coburn said he does not want to raise that tax number. >> the president ran on his
we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. freedom of tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a...
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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that...
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ben's father is an old friend of the clintons. over the years, he has donated thousands of dollars to theirs and other democratic political campaigns and over time, the families became close friends. >> ben, a beautiful man, with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but that's why i called you. i thought you, a, i knew you'd care about it. b, i thought you'd know something about it. >> i could tell in your voice that you were pretty broken up. what kind of kid was he? >> a light shined out of him. that's all i can tell you. he grew up, he was big, strong, handsome, smart. and wanted to make something of his life. he was industrious, but normal and liked to have a good time. i promise you that night he had no idea he was turning out the lights. none. and if it's true of him, it's got to be true of a lot of other people. >> as
ben's father is an old friend of the clintons. over the years, he has donated thousands of dollars to theirs and other democratic political campaigns and over time, the families became close friends. >> ben, a beautiful man, with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but...
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we have good news for hillary clinton. if she decides to run for president in 2016, 57% of those polled by abc news and the washington post said they would support clinton. 37% said they would not support her candidacy. in addition -- in addition, the poll shows an overwhelming majority of women surveyed 66% would back her. only 47% of men would, roland. >> she wants some rest. she's been traveling four years. give her two years. my god! >> you just never know. >> she wants to rest for two years. my goodness. >> when she's done with the nap or whatever, the vacation or the spa -- >> can we get to the inauguration before we go to the '16? >> i vote for that. >>> doctors and lawyers have to take tests before they can start practicing. what about people who educate our kids? we'll talk to aft, american federation of teachers president, randi weingarten, for teachers to take bar-like exams. and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003
we have good news for hillary clinton. if she decides to run for president in 2016, 57% of those polled by abc news and the washington post said they would support clinton. 37% said they would not support her candidacy. in addition -- in addition, the poll shows an overwhelming majority of women surveyed 66% would back her. only 47% of men would, roland. >> she wants some rest. she's been traveling four years. give her two years. my god! >> you just never know. >> she wants to...
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. music is a universal language. but when i was in an accident.
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...
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and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite literally hundreds of fact
and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the...